S.Amdt. 3409Senate117th Congress (2021-2023)
S.Amdt. 3409
Sponsored by
Sen. Bill Hagerty (R-TN)
Submitted August 10, 2021
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Senate amendment submitted
August 10, 2021
Text
Submitted
SA 3409. Mr. HAGERTY submitted an amendment intended to be proposed by him to the concurrent resolution S. Con. Res. 14, setting forth the congressional budget for the United States Government for fiscal year 2022 and setting forth the appropriate budgetary levels for fiscal years 2023 through 2031; which was ordered to lie on the table; as follows: At the appropriate place in title IV, add the following: SEC. 4___. POINT OF ORDER AGAINST INCREASES IN THE FEDERAL CORPORATE INCOME TAX RATE. (a) Point of Order.--It shall not be in order in the Senate to consider any bill, joint resolution, motion, amendment, amendment between the Houses, or conference report that would increase the Federal corporate income tax rate to a rate higher than the lowest corporate income tax rate among members of the Organization for Economic Co-operation and Development. (b) Waiver and Appeal.--Subsection (a) may be waived or suspended in the Senate only by an affirmative vote of three- fifths of the Members, duly chosen and sworn. An affirmative vote of three-fifths of the Members of the Senate, duly chosen and sworn, shall be required to sustain an appeal of the ruling of the Chair on a point of order raised under subsection (a). ______